OTCPK:MEAOD - Post by User
Comment by
Quixoticaon Jun 19, 2011 1:01pm
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Post# 18735112
RE: Sandstorm gold share has been recovered
RE: Sandstorm gold share has been recoveredPoint taken Raffles but one thing u left out is that they sold 20% of THE GOLD IN BL. How much gold is there? 200,000 oz. or 2.2MM oz. that fact is the wild card that will make SSL or break MTO. Furthermore the cost to extract the ore can become prohibitively expensive yet the onus rests with MTO. These guys are really stupid in my opinion. They protected themselves with massive options just in case the stock does run - that wasn't stupid tho, that was greedy and selfish.
Even those who bought in around the 35 cent range are now down 35% - bloody amazing and if you guys don't think that this thing can go sub 20 cents then you are ignoring a legitimate possibility. MTO is a sinking ship with a whole new manifest. What a loser of an organization.